Govt makes it easier for local companies to list overseas

Now, companies can list overseas without first listing on local exchanges

Government has allowed companies incorporated in India to list and raise capital overseas without having to first list on local exchanges, a finance ministry statement said on Friday.

The scheme will be implemented on a pilot basis for two years, the statement said.

India, which is facing a current account deficit of around $70 billion this fiscal year, has taken a series of steps to boost capital inflows into the country.